Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Taz who wrote (8690)	10/23/1998 2:45:00 AM
From: Gord Bolton	Respond to of 26850

Hey there Taz Why would they not run the bulk sample through the Diamet plant? Seems to me that would be the closest and simplest thing to do. Are there politics involved that you assume we would all understand? Seems like a straight forward cash deal to me. But then I haven't taken that many upper year classes in economics. So what the 'ell do I know. What are the alternatives that would be more efficient and faster? And yes, if it were up to me the ore would be coming out this winter and would be on the way to the mill. And the dollars would be rolling in to finance the future development. I would suggest immediate bulk sampling of as much ore as Diamet would take. What part of this would not make good business? And yes, if neccessary, and for a small fee, I would and could oversee and manage a little 70 mile ore run with $500 Canadian per tonne ore. I would estimate <$20.00 per tonne for transport. That would be about %4 or less. What is the opportunity cost of leaving it in the ground and seeking financing for future on site development? Maybe Diamet would not take it. But then one would never know unless they asked. And I don't know that many companies that made money standing still when they could be producing and selling. And I always thought that all those folks North of 60 were very cooperative and community minded especially when there is lots of money for everybody involved.